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dave
Joined: 22 Sep 2006
Posts: 1382
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 Posted: Tue Jan 16, 2007 10:02 am Post subject: Fuel Tank Update Ethanol on WSJ |
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Here is something i got today , hog producers are going to hurt because
ethanol is driving up corn prices?
I still do not think corn ethanol is a benefit to us all .
A little off topic but on topic about ethanol .
I have the rest of article , if you want private mail me.
Dave
DJ FOCUS: High Corn, New US Pork Plant Could Cause Shake-Up(DJ)
By Curt Thacker
Of DOW JONES NEWSWIRES
KANSAS CITY (Dow Jones)--A tug of war could develop between
packers for available hog supplies before the end of the decade if
processing capacity increases as currently planned and production
cutbacks occur because of skyrocketing corn prices.
U.S. hog slaughter capacity is expected to expand further within
the next two to three years while swine production is expected to
eventually decline. The result could be the eventual closure of
one or more existing plants, especially those that are older and
considered to be the least efficient operations.
Ethanol Impact
Demand for corn from the growing ethanol industry has boosted feed
prices since last autumn, and that has raised feed prices for
livestock and poultry producers. Hog prices through December were
high enough to keep producers in the black, but the combination of
lower prices and high feed costs likely will result in negative
returns for at least some producers during the first quarter.
The demand-driven rise in corn prices, unlike past spikes caused
mainly by periodic drought problems, is expected to last for the
foreseeable future due to the burgeoning ethanol industry. In the
U.S., corn is the main feedstock. Just Friday, the U.S. Department
of Agriculture estimated nearly 23% of the 2006-07 corn harvest went
to ethanol.
The prospect of corn prices at a new higher plateau of $3.50 per
bushel or more could cause some hog producers to exit the business
altogether while others may reduce their herd size due to tightened
margins. While ethanol has been a factor in corn prices for some
time, corn prices zoomed in the fall, and Chicago Board of Trade
corn prices rose about 70% in 2006.
---
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pwmac(at)sisna.com
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| Posted: Tue Jan 16, 2007 12:45 pm Post subject: Fuel Tank Update Ethanol on WSJ |
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The CEO of BP made the observation that is does not seem correct that
there are millions of people starving in the 3rd world and in the US
they use corn to propel cars.
Not his exact words but the same meaning.
Paul
=================
At 10:01 AM 1/16/2007, you wrote:
[quote]
Here is something i got today , hog producers are going to hurt
because ethanol is driving up corn prices?
I still do not think corn ethanol is a benefit to us all .
A little off topic but on topic about ethanol .
I have the rest of article , if you want private mail me.
Dave
DJ FOCUS: High Corn, New US Pork Plant Could Cause Shake-Up(DJ)
By Curt Thacker
Of DOW JONES NEWSWIRES
KANSAS CITY (Dow Jones)--A tug of war could develop between
packers for available hog supplies before the end of the decade if
processing capacity increases as currently planned and production
cutbacks occur because of skyrocketing corn prices.
U.S. hog slaughter capacity is expected to expand further within
the next two to three years while swine production is expected to
eventually decline. The result could be the eventual closure of
one or more existing plants, especially those that are older and
considered to be the least efficient operations.
Ethanol Impact
Demand for corn from the growing ethanol industry has boosted feed
prices since last autumn, and that has raised feed prices for
livestock and poultry producers. Hog prices through December were
high enough to keep producers in the black, but the combination of
lower prices and high feed costs likely will result in negative
returns for at least some producers during the first quarter.
The demand-driven rise in corn prices, unlike past spikes caused
mainly by periodic drought problems, is expected to last for the
foreseeable future due to the burgeoning ethanol industry. In the
U.S., corn is the main feedstock. Just Friday, the U.S. Department
of Agriculture estimated nearly 23% of the 2006-07 corn harvest went
to ethanol.
The prospect of corn prices at a new higher plateau of $3.50 per
bushel or more could cause some hog producers to exit the business
altogether while others may reduce their herd size due to tightened
margins. While ethanol has been a factor in corn prices for some
time, corn prices zoomed in the fall, and Chicago Board of Trade
corn prices rose about 70% in 2006.
---
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Float Flyr
Joined: 19 Jul 2006
Posts: 2704
Location: Campbellton, Newfoundland
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| Posted: Tue Jan 16, 2007 3:51 pm Post subject: Fuel Tank Update Ethanol on WSJ |
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Tell the CEO of BP not to ever consider going into politics..... He has too
much common sense!
Noel
[quote] --
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